Philanthropists Pledge Over $330 Million To Help Detroit Art Museum
By DMO Affiliate

U.S. philanthropic foundations have pledged more than $330 million to help preserve the Detroit Institute of Art's collection and assist in shoring up the cash-strapped city's employee pensions, the mediators overseeing Detroit's bankruptcy negotiations said on Monday. In a statement, the mediators said other foundations are expected to pledge assistance in the near term.